1. (a) As used in this chapter, "health benefit plan" means coverage for health care services provided under:

   1. (1) an insurance policy that provides one (1) or more of the types of insurance described in Class 1(b) or Class 2(a) of IC 27-1-5-1 ; or

   2. (2) a contract with a health maintenance organization for coverage of basic health care services under IC 27-13 ;

      that satisfies the requirements of Section 125 of the Internal Revenue Code.

2. (b) The term does not include the following:

   1. (1) Accident only, credit, dental, vision, Medicare supplement, long term care, or disability income insurance.
   2. (2) Coverage issued as a supplement to liability insurance.
   3. (3) Automobile medical payment insurance.
   4. (4) A specified disease policy issued as an individual policy.
   5. (5) A limited benefit health insurance policy issued as an individual policy.

   6. (6) A short term insurance plan that:

      1. (A) may not be renewed; and
      2. (B) has a duration of not more than six (6) months.
   7. (7) A policy that provides a stipulated daily, weekly, or monthly payment to an insured during hospital confinement, without regard to the actual expense of the confinement.
   8. (8) Worker's compensation or similar insurance.
   9. (9) A student health insurance policy.

As added by P.L.218-2007, SEC.5.